Theindex jumped 1.9%, crossing the 30,000-point threshold for the first time since August 1990, according to data provider Refinitiv Eikon. Overall, Japan's economy shrank 4.8% last year, less than the 5.3%that the International Monetary Fund had forecast. For comparison, the US economy shrank by 3.5% in 2020, while Germany saw its GDP contract by about 5%. "We maintain a cautiously optimistic view of Japan's recovery in 2021, provided the vaccine drive takes place without much interruption," she told CNN Business. Japan is not the only country reporting better GDP data.

Source: CNN February 15, 2021 11:03 UTC